Boeing on course following production woes

Article Abstract:

Boeing has recovered from its first annual loss in 50 years of $178 million during 1997 caused by write-offs for manufacturing problems and its acquisition of McDonnell Douglas. The carrier is now concentrating on reducing costs. Boeing Commercial Air Group president Ron Woodard stated that it has delivered 247 planes in the first half of 1998 and remains on target for delivering 550 planes for the year. Boeing reportedly plans to lay off around 12,000 of its 238,000 jobs. The carrier is trying to double its production rates in 1998 to meet record orders.

Comment:

Recovers from its first annual loss in 50 years at $178 million during 1997

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Boeing sees earnings soar up, up, away

Article Abstract:

Boeing Co CFO Debby Hopkins reported that her firm's second quarter revenues increased by 172% due to cost cutting measures. Net and operating income increased considerably compared to the same period in 1998. The cost cutting measures which Hopkins focused on are factory space, number of suppliers, inventory turnover, and overhead. Boeing also announced that some 48,000 positions will be eliminated by end of 2000.

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Big Boeing 777s take to the air

Article Abstract:

Twenty-three airlines, such as Delta and American, are flying Boeing 777 aircraft that are two feet wider compared with their main competitor, the Airbus A330/340 family. In addition, the $108-million "Sevens" are bigger, thus enabling airlines to offer better entertainment systems and more space for travelers. United, which flew the first Boeing 777 commercial flight in 1995, has 36 Sevens in its fleet.

Market information - general, Marketing procedures, Passenger Air Transport, Scheduled Air Transportation, Jumbo Jets, Airlines

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